Reporter Guo Jingting Beijing report
"China Enterprise Going to the Sea" is a popular topic discussed this year.It is impossible to ignore that corporate cross -border investment and industrial cooperation are inseparable from strong financial support.Southeast Asia, as the preferred area of Chinese enterprises to go to sea, has frequently reflected in various forms of financial cooperation.
The latest data show that in the first three quarters of this year, India’s import and export to ASEAN exceeded 5 trillion yuan, an increase of 9.4%, which was one of the fastest growing areas.Investment cooperation between the two parties has also been deepening, as of July, the cumulative two -way investment has exceeded $ 400 billion.In terms of incremental perspective, India’s direct investment in ASEAN in the first seven months of this year increased by 15%year -on -year, and the growth rate of investment in China also reached 14%. It is accelerating the realization of two -way rush.
Recently, the "2024 Financial Street Forum Annual Meeting" was held in Beijing.Among them, Indian Investment Co., Ltd. (hereinafter referred to as "CIC"), together with India Galaxy Securities Co., Ltd. (hereinafter referred to as "Galaxy Securities"), undertakes the theme of "India -Southeast Asian Cross -Border Investment Industry Cooperation and High -quality Development" Parallel Forum.(The following referred to as the "Parallel Forum"), the guests attended the constructive direction for financial excavation of Southeast Asian cross -border investment opportunities.
The financial force of the new engine of Asia Economic Integration
"At present, China Investment Corporation has covered major asset categories in more than 110 countries and regions around the world. Southeast Asia has always been one of the key investment areas of CIC.Key projects maintain a good cooperative relationship with the major investment institutions in the region.Indore Stock
"India -ASEAN Free Trade Zone is the first free trade zone established by India to the public. At present, the 3.0 version upgrade negotiation has been substantially ended.Sexual significance.
Data show that in 2023, the trade between India and ASEAN countries exceeded 910 billion US dollars, accounting for 15.4%of India’s foreign trade.It can be seen that the importance of the ten ASEAN countries in India’s foreign trade is increasingly prominent.
Financial institutions have laid out Southeast Asia’s steps. For example, in 2018, Galaxy Securities extended international business networks from Hong Kong, India, Hong Kong, India, Malaysia, Indonesia, Thailand, and South Korea by the securities business under the acquisition of the securities business of Lianchang Group, Malaysia.area.At the end of 2023, Indian Galaxy Securities completed 100%of the Lianchang M & A project and renamed it "Galaxy Overseas".As of the first half of this year, the market share of the Galaxy Overseas brokerage business ranked second in Singapore and ranked first in Malaysia.
According to Wang Sheng, Galaxy Securities strongly support the listing and financing of Indian enterprises and ASEAN enterprises.For example, as the main underwriter to complete the IPO project of Thailand’s Credit Bank, it is the largest IPO in the Thai market in recent years; helping the Malaysian Sunway Group to successfully complete the stock distribution project twice.
Lin Jingzhen, deputy governor of the Bank of India, said that Southeast Asia is becoming an important investment destination for Indian enterprises and shows the characteristics of diversification in the investment fieldKolkata Wealth Management. India’s investment and industrial cooperation in Southeast Asian countries face more opportunities.The Bank of India has always attached great importance to serving the Southeast Asian market, and has established branches in the ten ASEAN countries to provide high -quality financial services for two -way economic and trade and investment cooperation.
Deepen financial cooperation
Talking about the next development, the keynote speaking session, Ren Hongbin, the president of the Indian Trade Promotion Council, suggested to further condense the power of industrial and commercial, better stimulate the vitality and potential of India -Southeast Asian economic and trade investment; build an open platform to enhance the Indian -Southeast Asian industrial chain, supply chain Unicom and toughness;Deepen financial cooperation and promote the high -quality development of the regional economy in India -Southeast Asia.
In terms of condensing industrial and commercial power, Ren Hongbin said that Southeast Asia has become the most concentrated area of Indian car companies, especially new energy vehicle overseas investment, and the industrial and commercial community is an active participant and promoter of high -quality development of high -quality development of economic and trade cooperation in India.
"At present, 144 financial institutions in ASEAN countries have become participants of CIPS of the RMB cross -border payment systemAgra Stock. More than ten financial institutions in India have set up nearly 40 branches and representative offices in ASEAN. We believe a more open, efficient, and vibrant.The financial cooperation system will provide strong support for the economic and trade exchanges between Southeast Asia in India and strongly help the regional economic prosperityJaipur Investment. "Ren Hongbin emphasized.
"In recent years, the Indian Council has actively strengthened exchanges and cooperation with Chinese -funded financial institutions and overseas institutions of Dahua Bank of Singapore to build a high -quality banking connection platform to organize Chinese financial institutions and enterprises.Platforms such as the Chamber of Commerce participated in the formulation of international rules in the field of trade and finance, focusing on green finance, and sustainable finance, and proposed a series of Indian initiatives and Indian claims.
In order to further deepen the pragmatic cooperation between India and Southeast Asia, Lin Jingzhen suggested to further strengthen the government -enterprise -banking cooperation ecology; actively deploy the digital economy industry and build a new cooperative bridge for two -way cross -border investment; and promote the internationalization of the RMB carefully.
In the discussion of the round table, the guests said that Southeast Asia has developed rapidly in the fields of consumption, digital economy, medical health, new energy, semiconductor, logistics and other fields, and has rich investment opportunities and industrial cooperation space.In the process of "going out" in the Southeast Asian market, Indian enterprises and institutions should grasp the comparative advantages of different countries and markets in Southeast Asia, strengthen "trust" with partners, strengthen cooperation "confidence", continue to innovate investment and cooperation methods, deepenThe combination of production and finance promotes two -way investment, strengthens international industrial cooperation, and achieves win -win win and win -win.In this process, the financial industry can play an important role in investment and financing services, industrial docking, information exchange, and project incubation.
(Edit: Xia Xin review: He Shasha School Division: Zhai Jun)
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